Artificial Intelligence

Testsigma: AI-Based Low-Code Test Automation Company Raises $8.2 Million

By Amit Chowdhry ● Jun 15, 2024

AI-powered and low-code test automation platform Testsigma announced that it has raised $8.2 million in funding led by MassMutual Ventures. Previous investors Accel, STRIVE, and BoldCap also participated in the round.

HyperSpectral: AI-Based Spectral Intelligence Company Closes $8.5 Million In Funding

By Amit Chowdhry ● Jun 15, 2024

HyperSpectral, an AI-based spectral intelligence company with hardware-agnostic solutions for particle detection, emerged from stealth with $8.5 million in a Series A funding round. And HyperSpectral's Series A funding round was co-led by RRE Ventures and Kibo Ventures with participation from Correlation Ventures and GC&H Investments.

Eko Health: $41 Million Closed To Scale AI-Based Heart And Lung Disease Detection Technology

By Amit Chowdhry ● Jun 15, 2024

Eko Health, a company that is applying artificial intelligence for early detection of heart and lung diseases, announced it has raised $41 million in Series D financing. With participation from ARTIS Ventures, Highland Capital Partners, NTTVC, and Questa Capital, this funding round will be used to expand U.S. and global access to the company's early disease detection platform.

Thoughtly: AI Voice Agent Company Raises $3 Million

By Amit Chowdhry ● Jun 15, 2024

Thoughtly, a startup building AI voice agents for contact centers, announced it has secured a $3 million funding round with participation from Afore Capital, Greycroft, Expansion, and others. And through an innovative approach to customer phone calls, Thoughtly is prepared to disrupt the CCaaS (Contact Center as a Service) space and transform how businesses approach customer service interactions.

Cyberhaven: $88 Million Secured To Protect Enterprise Data

By Amit Chowdhry ● Jun 13, 2024

Cyberhaven, a leader in data detection and response (DDR), announced it has raised $88 million in Series C funding led by Adams Street Partners and Khosla Ventures, with significant participation from existing investors Redpoint Ventures, Costanoa Ventures, Vertex Ventures, Crane Venture Partners, and Wing Venture Capital. Prominent security leaders such as Amol Kulkarni (former CPO at CrowdStrike), Gerhard Eschelbeck (former CISO at Google), Ash Devata (former GM of Duo at Cisco), and others also participated.

Pyte: Computation Security Platform Company Raises $5 Million

By Amit Chowdhry ● Jun 12, 2024

Pyte, a secure computation platform for data-first global enterprises, today announced $5 million in additional capital, bringing the total funding to over $12 million. This funding round was led by Myriad Venture Partners with participation from Innovation Endeavors, Liberty Mutual Strategic Ventures, Pillar VC, and others. Dean Mai (co-founder and managing partner for Myriad Venture Partners) will also join Pyte’s Board of Directors.

AirMDR: AI-Based Autonomous Managed Detection And Response Company Raises $5 Million

By Amit Chowdhry ● Jun 12, 2024

AirMDR, an AI-based Autonomous Managed Detection and Response (MDR), announced the closing of a $5 million Seed round of financing. This funding round was led by Foundation Capital with participation by Storm Ventures.

Formstack Buys Data Management Company Open Raven

By Amit Chowdhry ● Jun 12, 2024

Formstack, a leading form, document, and e-signature software provider, supporting over 32,000 customers worldwide, announced the acquisition of Open Raven, a leading data management and security company.

Tobiko Data: $4.5 Million Raised To Invest In Open Source Projects SQLMesh And SQLGlot

By Amit Chowdhry ● Jun 12, 2024

Data infrastructure company Tobiko Data announced that it has raised a $4.5 million seed funding round from Unusual Ventures and a $17.3 million Series A led by Theory Ventures with participation from 20Sales, Fivetran CEO George Fraser, Census CEO Boris Jabes, and MotherDuck CEO Jordan Tigani. And Tomasz Tunguz (founder of Theory Ventures) will join the Board as part of the investment. This brings the company’s total funding raised to $21.8 million.

Neural Concept: Engineering AI Platform Company Closes $27 Million In Funding

By Amit Chowdhry ● Jun 12, 2024

Neural Concept, a leading Engineering Intelligence platform that transforms product design with 3D Deep Learning, announced that it has raised $27 million in a Series B funding round. The funding round was led by Forestay Capital, with the D. E. Shaw group and existing investors Alven, CNB Capital, HTGF, and Aster Group also participating.

Sirion Buying Eigen To Advance Document AI Technology

By Amit Chowdhry ● Jun 12, 2024

Sirion (see Pulse 2.0 profile here), a category leader in AI-native contract lifecycle management (CLM), announced the acquisition of Eigen Technologies, a market leader in Document AI for financial services and insurance that has pioneered data extraction and AI governance.

Fizz: $14.4 Million Secured To Provide Young People With Debit Cards

By Amit Chowdhry ● Jun 12, 2024

Fizz has announced it has raised a $14.4 million Series Seed round to provide young people with a debit card that helps them avoid overspending. The funding was led by Kleiner Perkins, with participation from SV Angel, Y-Combinator, New Era Ventures, and the founders and operators behind ten unicorns, including Handshake, Postmates, and Public.com.

Doowii: $4.1 Million Raised To Build Data Analytics Solutions For Educators

By Amit Chowdhry ● Jun 12, 2024

Doowii, a provider of AI-driven data analytics solutions for educators, announced the successful closure of its latest fundraising round, securing $4.1 million in investments. This funding round included participation from prominent institutional investors, including GSV Ventures, Better Ventures, Avesta Fund, Imagine Learning Ventures, Strada Education Foundation, Reach Capital, and Common Sense Growth Fund.

Nasuni: Transforming A $51 Billion File Storage Market With A Cloud-Based Approach

By Amit Chowdhry ● Jun 12, 2024

Nasuni is a leading hybrid cloud storage solution that powers business growth with effortless scalability, built-in security, and fast edge performance using a unique cloud-native architecture. Pulse 2.0 interviewed Nasuni’s Chief Innovation Officer Data Intelligence and AI Jim Liddle to learn more about the company.

Bem: AI Data Interface Company Raises $3.7 Million

By Amit Chowdhry ● Jun 12, 2024

Bem, an AI data interface company building an advanced and easy-to-use platform that functions as a universal communication protocol, announced it raised $3.7 million in seed funding. Uncork Capital led the round, which included participation from Kevin Mahaffey, Roar Ventures, and renowned angel investors, including Garry Tan.

Reco: How This Company Is Transforming The Identity-Centric Security Industry

By Amit Chowdhry ● Jun 12, 2024

Reco is an identity-centric SaaS security platform and it empowers organizations to discover their SaaS applications, identities, and data, control access and prevent the risk of exposure. Pulse 2.0 interviewed Reco Co-Founder and CEO Ofer Klein to learn more about the company.

Cube: $25 Million Raised To Help Companies Manage And Optimize Analytics Workflows

By Amit Chowdhry ● Jun 11, 2024

Cube, the provider of the universal semantic layer for every data app, announced it completed a $25 million funding round with new investor Databricks Ventures and was joined by all the previous investors, including Decibel, Bain Capital Ventures, Eniac Ventures, and 645 Ventures. And 645 Ventures Co-founder and Managing Partner Nnamdi Okike is now a board observer for Cube's Board of Directors.

EV3 Global Buys Countable To Enhance Employee Engagement

By Amit Chowdhry ● Jun 11, 2024

Countable, a leading platform for digital community engagement, announced it has been acquired by EV3 Global, a technology innovator in employment intelligence and AI. This deal expands EV3 Global’s capabilities by integrating an employee engagement solution and adding experts in Employee Experience to its team, enhancing EV3 Global’s ability to address the trillion-dollar employee turnover problem.

Cognigy: AI-Based Customer Service Automation Company Raises $100 Million

By Amit Chowdhry ● Jun 11, 2024

Cognigy, a leader in AI-first customer service automation, announced that it has raised $100 million in Series C funding. The round was led by Eurazeo Growth, with participation from existing investors Insight Partners, DTCP, DN Capital, and others. The new funding round will accelerate Cognigy’s mission to deliver AI-first customer service at scale.

Keragon: AI-Based HIPAA-Compliant Automation Platform Raises $3 Million

By Amit Chowdhry ● Jun 11, 2024

Keragon, an AI-based HIPAA-compliant automation platform for healthcare, officially launched out of stealth and revealed that it raised $3 million in pre-seed funding. The pre-seed funding round was co-led by Focal and Afore, followed by 25 Madison Health - Lifepoint Health.

Mistral AI: €600 Million Raised At About A €6 Billion Valuation

By Amit Chowdhry ● Jun 11, 2024

Mistral AI, a Paris-based open and portable generative AI service for developers and businesses, announced it has raised €600 million in a Series B funding round. General Catalyst led the round, which also included Lightspeed, Andreessen Horowitz, Bpifrance, BNP Paribas, Nvidia, Salesforce, Samsung, and IBM. The valuation of the company is now estimated to be about €6 billion.

Brightwave: AI-Based Financial Research Assistant Company Raises $6 Million

By Amit Chowdhry ● Jun 11, 2024

Brightwave, an AI-powered research assistant that generates insightful, trustworthy financial analysis on any subject, today announced $6 million in seed funding. This funding round was led by Decibel Partners, with backing from Point72 Ventures, Moonfire Ventures, and angel investors including executives from OpenAI, Databricks, Uber, and LinkedIn.

Cisco: $1 Billion Global AI Investment Fund Revealed

By Amit Chowdhry ● Jun 10, 2024

Cisco Investments (the global corporate venture investment arm of Cisco) launched a $1 billion AI investment fund to support the startup ecosystem and expand the development of secure and reliable AI solutions. As part of the new AI fund, Cisco is making strategic investments in Cohere, Mistral AI, and Scale AI, among others, to advance customers’ AI readiness and complement Cisco’s AI innovation strategy. Cisco already committed nearly $200 million of the $1 billion investment fund to date.

Cloudera Acquiring Verta’s Operational AI Platform

By Amit Chowdhry ● Jun 10, 2024

Enterprise AI data company Cloudera announced it has deepened its AI expertise with its acquisition of Verta’s Operational AI Platform. And the Verta team will join Cloudera’s machine learning group, reporting to Chief Product Officer Dipto Chakravarty.

Tektonic AI: $10 Million Secured To Develop Gen AI Agents For Enterprises

By Amit Chowdhry ● Jun 10, 2024

Tektonic AI, a company building GenAI agents for enterprise processes, announced $10 million in funding led by Madrona and Point72 Ventures. Launched by Nic Surpatanu, Tektonic aims to automate the manual workflows that other methods leave unaddressed.

TraceAir: Construction Site Analysis Company Raises $25 Million

By Amit Chowdhry ● Jun 9, 2024

TraceAir, a leading provider of site intelligence software for homebuilders and land developers, announced a $25 million Series B funding round led by PeakSpan Capital, with participation from Flashpoint Venture Capital and other existing investors. TraceAir offers builders and developers a visual/collaborative construction management platform that empowers businesses with data-driven insights to lower costs, improve efficiency, and reduce the risk of errors and delays.

SmartPM: Construction Schedule Control Company Raises $5.5 Million

By Amit Chowdhry ● Jun 8, 2024

SmartPM Technologies, a company that builds automated project controls for construction, announced the successful closing of a $5.5 million Series A funding round. This milestone, led by investors Building Ventures, with participation from GS Futures and existing investors The Nemetschek Group, marks a pivotal moment in SmartPM's journey of innovation and market expansion.

GoComet: How Creating An Operating System With AI Is Transforming International Logistics

By Amit Chowdhry ● Jun 7, 2024

GoComet is an AI-Powered Transportation Management Platform. The company is transforming the $40 billion international logistics space by utilizing the power of data science and progressive machine intelligence to simplify end-to-end logistics and ensure transparency in business. Pulse 2.0 interviewed GoComet CEO Gautam Prem Jain to learn more about the company.

Hoop: AI-Powered Productivity Company Raises $5 Million

By Amit Chowdhry ● Jun 7, 2024

Hoop, a to-do list that updates itself, announced $5 million in seed funding, led by Index Ventures, with participation from Origin Ventures, Divergent Capital, and Chingona Ventures. The company’s team (who met as early employees at Trello) will use the funding to deepen Hoop’s AI capabilities, expand its platform integrations, and develop collaborative features. Hoop is currently available to individuals, but will soon launch a version for teams.

Zendata: AI Governance And Data Privacy Company Raises $2 Million

By Amit Chowdhry ● Jun 7, 2024

AI governance and privacy solutions company Zendata emerged from stealth and raised $2 million in funding to transform how security teams manage data and security. The seed funding round was led by PayPal Ventures, First-hand Alliance (operated by Salesforce Alumni), Geek Ventures, and Altari Ventures.